Vertiv Holdings

This call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynn Maxena, Vice President of Investor Relations.

Great. Thank you, Barika. And good morning and welcome to Virta's fourth quarter and full year 2023 earnings conference call. Joining me today are Virta's Executive Chairman, Dave Cody, Chief Executive Officer, Giordano Albertazzi, and Chief Financial Officer, David Fallon. Before we begin, I'd like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance avertive. These forward-looking statements are subject to material risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release. You can learn more about these risks in our annual and quarterly reports and other filings made with the SEC. Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. During this call, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and our GAAP to non-GAAP reconciliations can be found in our earnings press release and in the investor slide deck found on our website at investors.birdof.com. With that, I'll turn the call over to Executive Chairman Dave Cody.

Well, 2023 was a great year for Vertiv and our shareholders. We created tremendous value. Our stock price increased 252% in 2023, putting us well ahead of the number one performer in all of the S&P 500, and it's up very well again so far this year. We announced the capital allocation strategy at our November Investment Conference. It's very flexible. And we believe it's structured well to provide additional benefits to share owners and is a great reflection of the cash-generating capability of a company, a very nice and exceptionally promising change from where we were. We finished the year strong, quite strong, in fact, and we fully expect this to set us up well to continue to provide good returns for our share owners in 2024 and beyond. So, Gio and team, we're off to a very good start, but we still have work to do. You'll hear Gio talk about his focus areas for 2024 and what we plan to accomplish this year to deliver another good year for our investors. It's getting the important things right, customer relationships, technology, VOS, organization, resiliency, working capital, and capital deployment. We demonstrated our potential in 2023, but we still have a long way to run, and that's all upsides. So with that, I'll turn the call over to Gio.